AUDUSD tests the resistance – Analysis - 12-10-2018
Economies.com
2018-10-12 04:12AM UTC
The AUDUSD pair tests the key resistance 0.7130 and still below it until now, accompanied by stochastic entering the overbought areas, waiting to motivate the price to resume the main bearish trend, which targets 0.7000 areas as a next station.
We should note that breaching 0.7130 will push the price to test 0.7220 areas before any new attempt to decline.
Expected trading range for today is between 0.7050 support and 0.7180
Expected trend for today: Bearish
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